Weak job report, "Unemployment Holds at 21,000 New Jobs"
By JEANNINE AVERSA, Associated Press Writer
WASHINGTON - America's unemployment rate remained stuck at 5.6 percent in February as the economy added a paltry 21,000 position. The figures dramatized the relative scarcity of new jobs in a week in which President Bush (news - web sites) shoved his re-election campaign into high gear.
story.news.yahoo.com
Reuters
February Job Growth Surprisingly Weak
Friday March 5, 8:30 am ET
WASHINGTON (Reuters) - U.S. employers added a paltry 21,000 workers to their payrolls last month, far fewer than expected, according to a government report on Friday that was likely to weigh on President Bush as he seeks re-election.
Democrats have hit Bush hard for presiding over the weakest period of jobs creation for any president since Herbert Hoover during the Great Depression.
biz.yahoo.com
Markets down RT. This is sure getting old.
Don't care if Bush is Republican or not, would like to see the economy recover once and for all. The numbers are disappointing.
Hopefully, this doesn't create negative sentiment and impact the growth we're beginning to see in Silicon Valley.
Fortunately, the manufacturing figures were high this week. Over time, that might translate into an improvement for the overall economy.
Gottfried's backlog chart is a ray of light, I believe.
Regards,
Amy J |
